Permian Resources Corporation (NYSE: PR) is 15.22% higher on its value in year-to-date trading and has touched a low of $5.08 and a high of $9.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PR stock was last observed hovering at around $7.02 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $11.00 for the next 12 months. It is also 47.0% off the consensus price target high of $13.00 offered by 11 analysts, but current levels are -6.0% lower than the price target low of $6.50 for the same period.
Currently trading at $6.89, the stock is -13.15% and -3.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.09 million and changing -1.85% at the moment leaves the stock -8.16% off its SMA200. PR registered 21.73% gain for a year compared to 6-month loss of -16.28%.
The stock witnessed a -10.98% gain in the last 1 month and extending the period to 3 months gives it a 7.49%, and is -13.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.80% over the week and 5.76% over the month.
Permian Resources Corporation (PR) has around 147 employees, a market worth around $1.96B and $1.42B in sales. Current P/E ratio is 5.56 and Fwd P/E is 2.91. Profit margin for the company is 28.50%. Distance from 52-week low is 35.63% and -28.97% from its 52-week high. The company has generated returns on investments over the last 12 months (8.60%).
Permian Resources Corporation (PR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Permian Resources Corporation (PR) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.50, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Permian Resources Corporation is expected to release its quarterly report on 11/02/2022.The EPS is expected to grow by 118.10% this year
Permian Resources Corporation (PR) Top Institutional Holders
The shares outstanding are 284.99M, and float is at 187.06M with Short Float at 20.98%.
Permian Resources Corporation (PR) Insider Activity
A total of 22 insider transactions have happened at Permian Resources Corporation (PR) in the last six months, with sales accounting for 11 and purchases happening 11 times.
Permian Resources Corporation (PR): Who are the competitors?
The company’s main competitors (and peers) include ProPetro Holding Corp. (PUMP) that is 12.76% higher over the past 12 months.